The Economic Times Markets Watch Newsletter

	Dated:16 January,2009

Top Headlines Sensex, Nifty end strong but turnover dismal Key indices sprung back after a dismal session the previous day, mirroring overseas markets by signs the US govt would do whatever is necessary. Volatile market: HNIs shun equities for diamonds The near-30% fall in diamond prices has resulted in savvy equity investors shifting their investments to diamonds. Higher FII participation in stock futures FIIs are hedging their portfolio by indulging in individual stock futures as against the Nifty futures. Views on Stocks/Markets Brokerages positive on TCS post Q3 Infotech Enterprise weak, Angel maintains �neutral� Macquarie suggests 4-pronged Asian strategy IPO/Global Markets World stocks gain after BofA aid HK record worst wk in 2-1/2 month Asian stocks up after US bank aid Rupee / Gold Gold closes at Rs 12,915 Rupee stronger on firm shares Gold rises in Europe More 'Market' News Citi posts $8.29 bn loss, splits up company US government has lent Citigroup $45 bn and agreed to backstop losses on $300 bn in mortgages and other assets. Banks seen returning to risk-free government securities As the slowdown in the economy increases the risks of loan defaults, banks are seen returning to 'lazy banking'. Mutual Funds turn sympathetic towards Unitech Though co will have to repay Rs 1,100 crore to MFs over the next one week, fund managers are willing to rollover debt for some more time.		Advertisement Compare & shop No minimum balance NRI account Premier Banking NRI! Easy money transfer! Best Investment Options Global B2B marketplace Market Round-up SENSEX 9323.59 276.85 NIFTY 2828.45 91.75 NASDAQ 1511.84 22.20 DJIA 8212.49 12.35 RS/$ 49.08 -0.38 GOLD24K 13385.00 -70.00 GOLD22K 13090.00 -110.00 SILVER 18050.00 -15.00 NSE Gainers Scrip Price(Rs.) %Change satyco 24.50 + 20.69 tipind 28.15 + 20.04 silinv 50.50 + 16.63 jklakc 40.15 + 14.06 denori 45.75 + 12.41 NSE Losers Scrip Price(Rs.) %Change rsrmoh .00 -100.00 vimlab 22.40 -14.50 vlsfin 6.85 -14.38 ttlt 6.20 -13.29 nahind 26.10 -12.71

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